News SummaryFinancial services companies have very specific needs related to IT security, privacy, compliance, and regulatory requirements. At the same time, these enterprises need to maintain back-office processes, streamline operations, and work efficiently to stay competitive. To facilitate the adoption of cloud technologies and address these common industry requirements and challenges within the financial services industry, Oracle has unveiled Oracle Financial Services Cloud.

Oracle Financial Services Cloud is a modern community cloud offering dedicated to the financial services industry including banks, insurance and investment companies, and securities institutions, as well as other regulated industry enterprises.

Available now for US-based financial services companies, this new solution provides financial services companies with a secure move to the cloud that supports their compliance needs.

Oracle's cloud portfolio delivers a complete range of production-level, cross-functional business applications for each part of an organization, all enriched with social engagement and collaboration tools and an intuitive user interface that works on any mobile device.

These applications have been architected on a modern and open service-oriented platform and infrastructure to simplify integration needs and lower an organization's total cost of ownership.

Key Features:

Oracle Financial Services Cloud offers industry-specific capabilities to financial services customers that are designed to help them manage back-office operations and human resources, and deliver an exceptional customer experience.

The Oracle Cloud Platform enables customers and partners to easily build new applications, extend Oracle software as a service (SaaS) applications, and migrate existing on-premises applications to the cloud. The Oracle Cloud Platform offers customers and partners the same platform as a service (PaaS) foundation upon which Oracle runs its own SaaS applications and upon which many SaaS providers rely. Unlike other clouds that offer services in one or two layers, Oracle Cloud is the only cloud that delivers a broad portfolio of integrated services across data, applications, platform, and infrastructure areas.

Supporting Quote

"Today's savvy financial services companies are looking to migrate their applications to the cloud to take advantage of modern technologies, like social and mobile capabilities," said Thomas Kurian, president, Oracle Product Development. "Designed to address the unique security concerns of the financial services industry, Oracle Financial Services Cloud is a dedicated community cloud with world class security to empower financial services companies to adopt cloud applications. By addressing the industry's common cloud concerns and challenges around security, privacy, and compliance, Oracle has made it simpler for great institutions to modernize their key IT solutions."